California Governor Gavin Newsom said he will intensify his attacks on President Donald Trump by launching a memecoin and expanding a wave of social media posts designed to parody the former president’s online persona, NBC Los Angeles reported. The governor made the revelations during a recent appearance as a guest co-host on the “Pivot” podcast with journalist Kara Swisher. He said he launched the initiative to highlight what he called the absurdity of Trump’s online persona, including the President’s frequent use of capital letters and AI-generated images depicting himself as a superhero.
Newsom said the coin, slated to be called “Trump Corruption,” will fund his Campaign for Democracy and redistricting efforts. He added that the project is part satire but reflects deep concerns about the state of U.S. democracy. Newsom said that his Trump Corruption Coin is aimed at countering Trump-related digital assets, including the official TRUMP token. He added that the proceeds will be directed toward his Campaign for Democracy, which will fund redistricting efforts and grassroots organizing.
He joked that his original idea was to name the coin “Smelt,” a nod to reports about Trump’s personal fragrance. He added that if he decided to mimic the President further, he might even crowdsource names for a perfume line. Despite the satirical edge, Newsom framed the project as a serious warning about democratic backsliding, adding to concerns raised by Democrats over Trump’s digital ventures.
The governor also expressed confidence that his meme coin would outperform Trump’s, recalling a previous White House exchange in which Trump bragged about profits from his coin and his wife, Melania’s, venture into the same market. Newsom said his gloves-off approach emerged after months of attempts to cooperate with Trump’s administration over federal disaster aid. However, he shifted course when Trump deployed National Guard troops and Marines to Los Angeles to back aggressive immigration raids.
He said the moment was a turning point for him and recalled directing his staff to abandon restraint and adopt an unrelenting strategy of public confrontation. The Democratic governor, who is widely seen as a presumptive presidential candidate, said Americans should expect more trolling and social media barbs in the months ahead. With the presidential race looming, Newsom’s blend of satire and digital campaigning signaled that the battle between Trump and his Democratic challengers is expanding into new political and financial arenas.
On-chain investigator ZachXBT has publicly questioned the financial health of cryptocy exchange AscendEXafter mounting reports of users waiting days—and…
Tether is expanding beyond stablecoins once again—this time by turning its massive $23 billion gold reserve into an…
Strategy Executive Chairman Michael Saylor is standing by his long-term Bitcoin strategy despite mounting pressure from investors as…
Polymarket has pledged to fully reimburse users after hackers stole approximately $2.9 million through a sophisticated phishing attack…
Base, the Ethereum Layer-2 blockchain incubated by Coinbase, has fully restored operations after suffering a block production…
Bitcoin has fallen below the $60,000 level once again, placing the world's largest cryptocy on pace to record…